Advisory body to be given power to probe government department heads for serious offences

    Advisory body to be given power to probe government department heads for serious offences

    A statutory advisory body in Hong Kong will be given new powers as early as June to investigate government department heads over “serious, widespread or systemic” problems, as part of a broader push to institutionalise accountability for top officials. A Civil Service Bureau spokeswoman stressed that the new system targeted “implementation failures” by senior officials,…

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    Hong Kong government must guard against exploitation of diesel subsidy, experts warn

      Hong Kong government must guard against exploitation of diesel subsidy, experts warn

      The Hong Kong government must ensure its massive HK$1.8 billion (US$229.8 million) subsidy for diesel to mitigate record-high oil prices for the transport sector is not exploited by fuel companies through discount manipulations, an industry leader and a lawmaker have cautioned. Their warnings came shortly after authorities announced a two-month, HK$3-per-litre (38 US cents) diesel…

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      Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

        Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

        A proposed increase in the Hong Kong government’s borrowing cap for its bond programmes to HK$900 billion (US$115 billion) will be sufficient to finance infrastructure projects over the next three years, officials have said, while leaving the door open to further rises in the long run if needed. Andrew Lai Chi-wah, permanent secretary for financial…

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